Mumbai Four-Bedroom Flat Sells for A Record $8.6 million

Andrea Divirgilio / November 22, 2007


Wednesday morning witnessed the kin and representatives of several of India Inc’s top shots, trying to outbid one another for a lavish apartment, over some tea and snacks, at the Citibank office at Mumbai’s Bandra-Kurla complex. It was only by noon that the country’s largest-ever residential transaction on record got through, when the four-bedroom flat at NCPA Apartments, went off at a whopping $ 8.6 million, to a UK-based NRI, Kewalramani. He is said to have bought the apartment in the name of Record Investments and Leasing Pvt Ltd, being one of the five bidders to be invited that morning. It is built on the seventh floor in an area of 3,475 sq ft and a carpet area of approximately 2,100 sq ft, and was put up for sale in the beginning of this month by its owner, the Citibank.

Via: Timesofindia

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